Equities Settlement (DTC)

Where The Market Comes Together To Settle

Settlement at The Depository Trust Company (DTC) is where trading activity becomes ownership. After trades are executed and cleared, securities and cash must move between buyers and sellers accurately and on time. DTC provides the centralized settlement infrastructure that enables firms to complete these obligations efficiently while managing risk, liquidity and operational demands.

Connecting participants through a shared settlement ecosystem, DTC helps participants simplify post-trade processing, improve transparency and support the reliability of U.S. financial markets. The result is a more efficient settlement process that helps firms focus on serving clients and growing their business rather than manually managing unnecessary operational complexity.

Years
Facilitating securities settlement since 1973
Billion
Volume of transactions settled annually
Trillion
Value of transactions settled annually

Data as of 2025

Delivering Value

Improved Settlement Efficiency

A centralized settlement process helps firms complete transactions more efficiently while reducing operational complexity.

Greater Visibility Across Operations

Monitor settlement activity, inventory positions and transaction status throughout the day from a centralized view.

Better Liquidity Management

Prioritize deliveries and manage inventory more effectively, helping firms meet funding obligations and allocate liquidity where it is needed most.

Reduced Operational Risk

Automation, standardized processing and delivery-versus-payment (DVP) controls help reduce manual effort, minimize errors and improve consistency.

Built for the T+1 Settlement Cycle

The infrastructure, visibility and automation needed to help firms meet accelerated settlement timelines with confidence.

Streamlined Transaction Processing

Settlement services support the accurate exchange of securities and cash while reducing operational complexity.

Explore Our Services

Settlement involves more than moving securities from one account to another. Firms must manage liquidity, coordinate communications, prioritize deliveries, process new issuances and maintain visibility into activity throughout the settlement lifecycle. DTCC provides a range of connected services that help participants settle more efficiently, reduce manual effort and keep operations running smoothly.